Trading Report: The 51 Shares of Thomson Reuters Corp. (TRI) are sold by Raymond James Trust N.A.

The 51 Shares of Thomson Reuters Corp. (TRI) are sold by Raymond James Trust N.A.

Raymond James Trust N.A. lowered its stake in Thomson Reuters Corp. (NYSE:TRI) (TSE:TRI) by 0.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,251 shares of the company’s stock after selling 51 shares during the period. Raymond James Trust N.A.’s holdings in Thomson Reuters Corp. were worth $465,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Thomson Reuters Corp. by 132.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,195 shares of the company’s stock worth $130,000 after buying an additional 1,819 shares during the last quarter. BlackRock Advisors LLC raised its position in shares of Thomson Reuters Corp. by 708.8% in the second quarter. BlackRock Advisors LLC now owns 3,389 shares of the company’s stock worth $137,000 after buying an additional 2,970 shares during the last quarter. Daiwa SB Investments Ltd. acquired a new position in shares of Thomson Reuters Corp. during the second quarter worth about $182,000. Creative Planning raised its position in shares of Thomson Reuters Corp. by 31.9% in the second quarter. Creative Planning now owns 4,490 shares of the company’s stock worth $181,000 after buying an additional 1,085 shares during the last quarter. Finally, Archford Capital Strategies LLC raised its position in shares of Thomson Reuters Corp. by 2,606.6% in the second quarter. Archford Capital Strategies LLC now owns 5,359 shares of the company’s stock worth $217,000 after buying an additional 5,161 shares during the last quarter. 28.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Thomson Reuters Corp. (NYSE:TRI) traded up 0.94% during midday trading on Friday, hitting $42.98. The stock had a trading volume of 274,517 shares. The firm has a market capitalization of $31.58 billion, a PE ratio of 25.43 and a beta of 0.82. Thomson Reuters Corp. has a one year low of $33.96 and a one year high of $43.68. The firm’s 50-day moving average price is $40.79 and its 200-day moving average price is $41.36.

Thomson Reuters Corp. (NYSE:TRI) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.06. Thomson Reuters Corp. had a return on equity of 13.16% and a net margin of 11.25%. The firm earned $2.74 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same period last year, the firm posted $0.52 EPS. The business’s revenue was down .1% on a year-over-year basis. On average, equities analysts predict that Thomson Reuters Corp. will post $2.06 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, November 17th will be given a $0.34 dividend. The ex-dividend date is Tuesday, November 15th. This represents a $1.36 annualized dividend and a dividend yield of 3.16%. Thomson Reuters Corp.’s dividend payout ratio is currently 80.95%.

TRI has been the subject of a number of research analyst reports. TD Securities reiterated a “hold” rating and issued a $57.00 price target (up from $56.00) on shares of Thomson Reuters Corp. in a report on Saturday. Canaccord Genuity restated a “buy” rating and set a $47.00 price objective on shares of Thomson Reuters Corp. in a research note on Thursday, September 8th. BMO Capital Markets restated an “outperform” rating and set a $60.00 price objective (up from $57.50) on shares of Thomson Reuters Corp. in a research note on Monday, August 1st. Zacks Investment Research downgraded Thomson Reuters Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. Finally, Macquarie assumed coverage on Thomson Reuters Corp. in a research note on Thursday, August 25th. They set a “neutral” rating for the company. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $47.50.

About Thomson Reuters Corp.

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